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The Federal Reserve Building
The Federal Reserve Building in Washington, D.C. (Photo by Mark Wilson/Getty Images)
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Rate hike is likely this year, says Fed Vice Chair Fischer

Federal Reserve Vice Chairman Stanley Fischer says he expects the Fed to start raising interest rates sometime this year. Once that happens, though, rates won't likely move in any predictable pattern, he added.

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Homeless U.S. military veterans salute the flag during the Pledge of Allegiance.  (Photo by John Moore/Getty Images)
Homeless U.S. military veterans salute the flag during the Pledge of Allegiance. (Photo by John Moore/Getty Images)
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New Jersey second highest in nation for jobless vets

When it comes to the unemployment rate for veterans, New Jersey had the second-highest in the nation in 2014, according to data from the U. S. Bureau of Labor Statistics.

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Job hunters line up for interviews at an employment fair sponsored by the New York State Department of Labor in Brooklyn
Job hunters line up for interviews at an employment fair sponsored by the New York State Department of Labor in Brooklyn (AP Photo/Mark Lennihan, File)
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US Fed cuts forecast for unemployment rate over long run

The Federal Reserve forecasts that the U.S. unemployment rate can now fall further without spurring inflation, a sign that it may move slowly in raising interest rates.

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Category: Money & Business

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